Statutory Registers a Private Limited Company Must Maintain

List of Statutory Registers a Private Limited Company Must Maintain Running a Private Limited Company in India comes with several compliance requirements, including maintaining statutory registers. These registers serve as official records of the company’s activities and must be kept up-to-date as per the Companies Act, 2013. Failing to maintain these registers can lead to … Read more

Ultimate Guide to Fixed Asset Register: Preparation & Maintenance

Fixed asset register guide

Guide on Preparation and Maintenance of Fixed Asset Register (FAR) Introduction A Fixed Asset Register (FAR) is a critical record that helps businesses track their fixed assets, such as land, buildings, machinery, furniture, and vehicles. Proper maintenance of the FAR ensures compliance with the Income Tax Act, 1961, and the Companies Act, 2013, while also assisting … Read more

Board Resolution for Company Trademark Registration

Board Resolution format for Company Trademark

Board Resolution format for Company Trademark Application In this post, we are sharing a Board Resolution format for Company Trademark Application / Registration. A trademark is a valuable intellectual property asset that protects a company’s brand, logo, or business identity. To safeguard the company’s brand name and prevent unauthorized use, it is essential to apply … Read more

Board Resolution for Appointment of Director

Board Resolution for Director appointment

Board Resolution Format for Appointment of Director Appointing a new director is an important step for any company. Directors play a key role in guiding the company’s growth, ensuring legal compliance, and protecting the interests of shareholders. Whether it’s to fill a vacancy, bring in new skills, or strengthen the leadership team, choosing the right … Read more

Is Salary paid to Director’s relative a related party transaction?

Salary to Director’s relative

Salary paid to the director’s relative as a full-time employee is related party transaction? Yes, salary paid to the relative of the Director or a related party who is employed as a full-time employee is considered a related party transaction (RPT). Even if the related party is employed full-time, the transaction (salary payment) must be … Read more